ARB gave back 29% from its Sep 6 peak. Its large transactions did not follow. 📈 ARB rose 124% between Aug 30 and Sep 6, then fell 29% into Sep 14. 🐋 Transactions over $100k averaged 30 a day across August, then 132 a day into the Sep 6 peak, topping out at 266. 📊 Through the fall, Sep 7 to 15, they still averaged 75 a day. That is 2.5x the August baseline. 🆕 Active addresses did fade, back to 1.3x baseline over the same window. 🏛️ Standard Chartered opened coverage Sep 15 with a $10 target for 2030, after all of it. Here, we measure size and frequency, not direction. Elevated large transactions are not evidence of buying. Price cooled. The large transactions did not. 🔗 Explore ARB whale movements in Sanbase: https://app.santiment.net/charts/arb-activity-and-whale-tx-32112?utm_source=x&utm_medium=post&utm_campaign=arb_0926&aff=33